Author

Topic: MtGox, Whats the point of an anonymous currency if they want my ID? (Read 3731 times)

full member
Activity: 173
Merit: 100
What is the point of an anonymous currency if they are going to force me to give them a copy of my ID before they will let me cash out? WTF? I have $130 just sitting in there. I mean I could do it... but that defeats the whole principle right?
Also, it was not a requirement when I signed up and I didnt know it was one until I tried to cash out most recently.

If you arnt happy then convert it to BTC and move the BTC to another exchange.

I never had to verify any ID to withdraw such small amounts for over a year, something about your account must have set off alarms if that is the case.

My Gox account has been dormant for a long time, last time I used it was before there was any verification needed. I had a small amount left in that account and about more than a month ago, I traded that amount back and forth until I have about 6BTC. The coins I mined and traded are in BTC-E, and I wanted to try investing at GLBSE but I've traded my BTCs for LTCs prior and I was waiting for the LTC/BTC price to go up. So I thought since i'm not earning much with that few BTCs at Gox, I decided to withdraw the coins to start my venture into GLBSE. When I tried to withdraw the BTCs, the page told me that my account is not verified.

I have a static IP, I dont use TOR or any proxies. Maybe because my email was on the list of hacked usernames and passwords (password was changed right after Gox came back online)?
legendary
Activity: 4326
Merit: 3041
Vile Vixen and Miss Bitcointalk 2021-2023
I'm sitting here staring at my bitcoin wallet but my mother just walked in and I think she still recognizes me???

You're obviously not staring hard enough. My mother says she no longer recognises me since I started using Bitcoin. Grin
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
Maybe the anonymity aspect is oversold, but come on, what do people think? Is being near bitcoin somehow going to change the nature of dollars and dollar sellers?

I'm sitting here staring at my bitcoin wallet but my mother just walked in and I think she still recognizes me???

I can't believe your mother still lives with you. Ask her again when she's moving out?  Grin (sorry, bud, but I couldn't resist)
hero member
Activity: 686
Merit: 500
Wat
US dollars certainly aren't an anonymous currency! There's your problem  Wink

+1
legendary
Activity: 1246
Merit: 1015
Strength in numbers
Maybe the anonymity aspect is oversold, but come on, what do people think? Is being near bitcoin somehow going to change the nature of dollars and dollar sellers?

I'm sitting here staring at my bitcoin wallet but my mother just walked in and I think she still recognizes me???
newbie
Activity: 23
Merit: 0
US dollars certainly aren't an anonymous currency! There's your problem  Wink
hero member
Activity: 686
Merit: 500
Wat
http://bitcoin-otc.com hasnt asked for identification once  Smiley
member
Activity: 113
Merit: 10
Possibilities :
- You have tainted coins, percentage wise
- You access mtGox from TOR / proxy / VPN
- Your country's IP change, several times in very short timespan

You should contact mtGox's support and solve this problem privately first.

Actually, I appreciate people making issues like this public, because it's a warning to me about situations I might find myself in. It hadn't occurred to me that accessing an exchange through Tor might lead to my funds being frozen, or that there are undisclosed restrictions on withdrawals.

If those are, indeed, MtGox' policies, then it makes no sense to say that this should be "private" - those terms should by all rights be prominently disclosed on their website. If they are, there's certainly no harm in discussing them again. If they're not . . . well, that's not very nice, either.

member
Activity: 98
Merit: 10
Possibilities :
- You have tainted coins, percentage wise
- You access mtGox from TOR / proxy / VPN
- Your country's IP change, several times in very short timespan

You should contact mtGox's support and solve this problem privately first.
hero member
Activity: 504
Merit: 502
Unfortunately the "anonymous" nature of BTC is oversold/oversimplified.

BTC is anonymous to most extend if you stay within the BTC network. As soon as you start converting to other legal systems then you need to start accepting the terms of those services.

It still doesnt change the fact that BTC itself is extremely anonymous.
member
Activity: 113
Merit: 10
Unfortunately the "anonymous" nature of BTC is oversold/oversimplified.
legendary
Activity: 2506
Merit: 1010
What is the point of an anonymous currency if they are going to force me to give them a copy of my ID before they will let me cash out? WTF? I have $130 just sitting in there. I mean I could do it... but that defeats the whole principle right?
Also, it was not a requirement when I signed up and I didnt know it was one until I tried to cash out most recently.

Did you by chance access your Mt. Gox account through Tor or from a public access point?  When you sign up to Mt. Gox, the agreement reads:

Quote
Please be advised that accessing your account via the Tor network and/or public proxies may result in a temporary suspension of your account, and having to submit AML documents.

Plus, don't confuse bitcoin digital currency with the edges where it interacts with the banking system.

There are plenty of ways to spend your bitcoins, with varying levels of privacy and/or anonymity, without touching the banking system.  But don't expect to be able to use the banking system without coughing up your identity.  Most bitcoin exchanges that interact with the banks are eventually forced to add these  aml/kyc practices.
sr. member
Activity: 476
Merit: 250
Tangible Cryptography LLC
newbie
Activity: 31
Merit: 0
What is the point of an anonymous currency if they are going to force me to give them a copy of my ID before they will let me cash out? WTF? I have $130 just sitting in there. I mean I could do it... but that defeats the whole principle right?
Also, it was not a requirement when I signed up and I didnt know it was one until I tried to cash out most recently.
I was freaked by this too...
vip
Activity: 756
Merit: 503
BTC can be used anonymously but it's not mandatory. When transferring from USD to bank account, Gox need to comply with KYC international regulation.

https://bitcointalksearch.org/topic/mtgox-amlkyc-process-explained-86224
hero member
Activity: 504
Merit: 502
What is the point of an anonymous currency if they are going to force me to give them a copy of my ID before they will let me cash out? WTF? I have $130 just sitting in there. I mean I could do it... but that defeats the whole principle right?
Also, it was not a requirement when I signed up and I didnt know it was one until I tried to cash out most recently.

If you arnt happy then convert it to BTC and move the BTC to another exchange.

I never had to verify any ID to withdraw such small amounts for over a year, something about your account must have set off alarms if that is the case.
newbie
Activity: 5
Merit: 0
What is the point of an anonymous currency if they are going to force me to give them a copy of my ID before they will let me cash out? WTF? I have $130 just sitting in there. I mean I could do it... but that defeats the whole principle right?
Also, it was not a requirement when I signed up and I didnt know it was one until I tried to cash out most recently.
Jump to: